If a "liberal" wanted to decrease aggregate demand, which of the following would she tend to favor?
a. An increase in government spending, because it will increase the size of the public sector.
b. A decrease in government spending, because it keeps the public sector small.
c. An increase in transfer payments, because it has a larger multiplier than tax changes.
d. An increase in taxes, because it makes the public sector larger.
d
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Discuss the difference between renewable and nonrenewable resources. Given an example of each
What will be an ideal response?
Explain the effects of the following actions on equilibrium income. 1 . Government purchases rise by $20 billion. 2 . Taxes fall by $20 billion. Assume that the marginal propensity to consume is 0.8
This table represents the revenues faced by a monopolist.PriceQuantity SoldTotal RevenueAverage RevenueMarginal Revenue$1,0001$1,000 $9002$1,800 $8003$2,400 $7004$2,800 $6005$3,000 $5006$3,000 $4007$2,800 Using the information in the table shown, the average revenue for 5 units is:
A. $300 B. $600 C. $120 D. $3,000
Thomas wants to invest. he finds a growing company that has stock with a P/E of 34.5. what should he do?
a. forget about investing and spend all his money b. wait for the price to rise c. wait for the price to fall d. buy it now before the price rises